Anthropic is chasing a $4B raise
Sources: Anthropic discussed buying AI chip startup MatX for ~$7B, but talks are no longer active; MatX is now seeking to raise new capital at a ~$4B valuation
TL;DRAnthropic considered buying MatX for $7B, deal fell through, MatX now fundraising at $4B.
Why it matters: Shows AI companies' chip ambitions and how valuations shift when acquisitions collapse mid-negotiation.
Alphabet agrees to pay £260M to settle a UK class action lawsuit
TL;DRGoogle pays £260M to settle UK lawsuit over allegedly unfair Play Store developer fees.
Cognition is generating ~$900M in annualized revenue, up more than 3x
TL;DRAI coding startup Cognition tripled revenue to $900M annualized, targeting $1.5B by end of 2026.
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